WSE: Before opening

Wednesday's session on the New York stock exchange ended with declines in major indices. At the close the Dow Jones fell by 0.56 percent, Nasdaq Composite went down by 0.89 percent and the S&P500 lost 0.84 percent. We may say that the psychological levels have changed into technical resistance. We may also venture to say that the market is ripe for a correction after the post-election rally.

From the European markets point of view it is important that the S&P500 doubled its loss after the close of trading in Europe, so this morning can bring adjustment to valuations in the US. Tokyo's Nikkei index responded to this situation with decrease of 1.3 percent.

The only major report in today's macro calendar is weekly data from the US labor market, which should strengthen the interest in situation on Wall Street. In addition, investors are waiting for information from the US markets, the next day of declines will signal that the end of the year will be held under the dictation of the bears.

Yesterday's downward impulse from Wall Street had an impact on the end of trading in Warsaw and the last sessions indicate the fluctuation in demand in the region of 1,950 points what limits the possibility of meeting the WIG20 index with the level of 2,000 points this year.